Tyco to take $250M-$300M pretax impairment charge for sale

CarolynPritchard

SAN FRANCISCO (MarketWatch) -- Tyco International Inc.
TYC, +74.50%
will take a pretax charge of $250 million to $300 million in connection with the sale of its plastics, adhesives and ludlow coated products businesses, according a filing Friday with the Securities and Exchange Commission. Tyco agreed to sell the businesses to an affiliate of private investment firm Apollo Management L.P. for $975 million in cash on Tuesday.

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